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Calculate the number of the foreign currencies

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Reference no: EM133053630

Question - Calculating Exchange Rates - Assume the foreign exchange selling rates shown below for a few selected currencies:

Country/(Currency)

U.S. $ Equivalent

Australia (dollar)

0.7678

Britain (pound)

1.3730

Canada (dollar)

0.7843

Hong Kong (dollar)

0.1290

India (rupee)

0.0137

Chile (peso)

0.0014

Japan (yen)

0.0095

Mexico (peso)

0.0498

Israel (shekel)

0.3041

Singapore (dollar)

0.7493

Thailand (baht)

0.0333

(Euro)

1.2040

Required - Calculate the number of the following foreign currencies that can be bought with 1 million U.S. dollars.

a. British pounds

b. Indian rupees

c. Japanese yen

d. Australian dollars

e. Mexican pesos

f. Israeli shekels

Reference no: EM133053630

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